Government

April 27, 2016

Chip Cards Still Causing Frustration

U.S. Credit-card networks began pitching chip cards years ago to protect against counterfeits, and merchants were supposed to join banks and payment processors by Oct. 1, or face […]
April 26, 2016

Banks Consolidate; Local Lenders Vanish

Where have all the bankers gone?  The continental lenders, with their corner branches – Wells Fargo and PNC, Citizens, TD and Bank of America – still compete with JPMorgan Chase, Capital One, and other branchless brands […]
April 25, 2016

March Bankruptcy Filings Show Decline from 2015

Total U.S. bankruptcy filings continue to decline year-over-year, falling 5% in the first calendar quarter (Jan. 1 – March 31) of 2016 from the same period […]
April 21, 2016

Banks, Credit Unions Victims of $4M Cybertheft

Cyberthieves using malicious software discovered by IBM Security have stolen $4 million from business customers of two dozen financial services providers this month, according to IBM. […]
April 20, 2016

Delinquencies Decline as Economy Improves

The number of seriously delinquent mortgages reached its lowest level in over 8 years, helped by new job creation and higher wages, CoreLogic reported.  The national […]
April 19, 2016

Lenders Need to Prepare for Cyber Attacks

The sudden ordinariness of corporate data breaches has led to feelings of helplessness inside the financial industry.  That sense of despair is apt to be particularly […]
April 18, 2016

Can’t Pay Your Tax Bill?

Today is Tax Day.  Thanks to Emancipation Day falling on a Saturday this year, we were lucky enough to have a 3-day extension until April 18th.  […]
April 15, 2016

What is Emancipation Day?

This year, the whole country might finally learn about Emancipation Day – a D.C. holiday that is little known beyond the city.  The holiday, which marks […]
April 14, 2016

U.S Economy Off to a Slow Start in ‘16

The U.S. economy is again off to a poor start to the year, clouding the outlook and validating the Federal Reserve’s wait-and-see posture on raising interest […]